Auto industry executives in Thailand are calling on the government to support the industry, in the face of sharply falling exports and local sales. Layoffs are starting to mount, but analysts are upbeat about the longer term future with more investm...
Automobile sales have slumped around the world, with the latest data from December offering a grim outlook for some of the world's top car companies. Already, auto giant Toyota has announced plans to close its Japanese factories for 11 days in Febru...
India's auto industry is facing a slowdown, prompting many automobile manufacturers to scale down plans for expansion. Many global automakers headed to India, in recent years, to take advantage of a growing economy. Some consumers are avoiding expen...
The Bush administration is attempting to dampen expectations for immediate government action to save America's troubled car manufacturers. White House Press Secretary Dana Perino responds to a reporter's question at the White House, 16 Dec 2008 Two...
Some Republicans in the U.S. Senate say they will block a plan to rescue the country's three major auto companies. Meanwhile, new claims for unemployment benefits reached their highest level in 26 years. Sen. Richard Shelby, center, accompanied by,...
Representatives of the White House and the Congress say they are making progress in negotiations on rescuing the embattled U.S. auto industry. Meanwhile, stock prices in New York have ended a two-day surge. U.S. Senate Majority Leader Harry Reid say...
U.S. auto company executives returned to Capitol Hill Friday to renew appeals for billions of dollars in emergency loans. They faced skeptical questions from members of the House Financial Services Committee dissatisfied with the automaker's restruc...